Negotiating the sales commission

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Submitted by HomeShopping on January 17, 2008 - 10:27am

What is the protocol for negotiating the commission? I understand that builders are offering agents commissions of 5-10%. If the buyer's agent agrees to return a portion, should this be put in writing?

What portion of the commission could be expected if the agent were making 5% or 10%?

Submitted by SD Realtor on January 17, 2008 - 11:44am.

Khov is offering 10% commission. Crazy man...

Anyways yes any agreement you want to make with a buyers agent regarding that is best to be put in writing. It really depends on how much you trust the agent. Also there are complexities in how the rebate gets back to you from the agent that you need to work out with them.

In terms of who should get how much? Well that is up to you to negotiate. I guess it depends on how much work that agent has done for you.